Poland Inflation September 2017

Poland

Poland: Inflation accelerates further in September

October 12, 2017

Consumer prices increased 0.4% in September, contrasting August’s 0.1% decline. September’s result was driven by an increase in the prices of clothing and footwear—due to the launch of new autumn collections—, transport, and gas, electricity and other fuels, which more than offset lower prices for recreation and culture.

Inflation came in at 2.2% in September, accelerating from August’s 1.8% reading but still remaining within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Moreover, annual average inflation rose to an over four-year high of 1.5% from 1.3% a month earlier.

Core consumer prices grew by 0.1%, contrasting August’s 0.2% decline. Consequently, core inflation edged up to 1.0% from 0.7% a month earlier.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2018, which is down 0.1 percentage points from last month’s projection. In 2019, the panel expects inflation to average 2.4%.


Author: Massimo Bassetti, Economist

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Poland Inflation Chart


Poland Inflation September 2017

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).


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